Saudi Trans Sadara inks JV pact to build four hospitals

April 22, 2014 10:26 am

Saudi Trans Sadara Co has set up a 50-50 joint venture with a Chinese firm to build four private hospitals in Dammam, Jubail, Riyadh, and Jizan at a total cost of over SR1.3bn, Arab News has reported. “All the preparations have been made including the obtaining of the mandatory official licenses and the purchase of the lands covering an area of 20,000 square meters in Dammam, 25,000 sq m in Jubail, 25,000 sq m in Riyadh and 20,000 sq m in Jazan,” said Muhammed Al-Ahmad, board member of the Saudi Trans Sadara Co. The four hospitals are expected to go into full operation by the end of 2017 and will provide over 2,000 jobs for young male and female Saudis in the fields of pharmacy, nursing, administrative affairs, procurement, marketing and safety and security, he said.